1. If each mutual fund is properly linked to meet each goal, a single portfolio will suffice.
2. Creating different portfolios for different goals makes sense only when you want to increase the number of funds, either in the same category or by adding more categories.
3. Always ensure that your goals are S.M.A.R.T - Specific, Measurable, Adjustable, Realistic, Time bound - by caliberating monthly SIPs in your funds keeping inflation in mind, by utilizing a “final worth of investment” calculator (to know how much each will grow after a desired time period) and a “savings target” calculator (to know monthly investment needed to achieve your medium-term and long-term goals within the required time period).
4. A lean portfolio with a simple investment strategy will enable you to devote optimum time and energy in career enhancement during your earning years, for maximizing savings to increase SIP investments.
5. For capital protection, shift targetted corpus of each goal into a Balanced fund a couple of years before it is actually needed, while continuing with the SIPs.
2. Creating different portfolios for different goals makes sense only when you want to increase the number of funds, either in the same category or by adding more categories.
3. Always ensure that your goals are S.M.A.R.T - Specific, Measurable, Adjustable, Realistic, Time bound - by caliberating monthly SIPs in your funds keeping inflation in mind, by utilizing a “final worth of investment” calculator (to know how much each will grow after a desired time period) and a “savings target” calculator (to know monthly investment needed to achieve your medium-term and long-term goals within the required time period).
4. A lean portfolio with a simple investment strategy will enable you to devote optimum time and energy in career enhancement during your earning years, for maximizing savings to increase SIP investments.
5. For capital protection, shift targetted corpus of each goal into a Balanced fund a couple of years before it is actually needed, while continuing with the SIPs.